Gaurav_Jha

MOTHERSUM | Bullish Flag Formation

Long
NSE:MOTHERSUMI   MOTHERSON SUMI SYS
As we can see in the daily chart , the price saw an uproar from 160 to 227 levels as an impulse move and started consolidating in a range. Hence, forming a bullish flag pattern in the process. It has taken a support at 211 levels, this can be confirmed by the presence of a Hammer candlestick . If it sustains above this level, you can go long on it for a target of 238 and a further target of 250. Happy Trading!

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